Spotify’s stock price has been on a promising upswing, with analysts setting ambitious targets as shares edge near $400. The last time SPOT approached this mark was in early 2021, fueled by high-profile content deals, but concerns over profitability and market pressures pulled it down to the $70s in 2022. Under CEO Daniel Ek’s direction, Spotify shifted focus to profitability, cutting unnecessary expenditures. Analysts are optimistic, with targets ranging up to $490 from firms like Morgan Stanley and Deutsche Bank, driven by projected subscriber growth, podcasting, and ad revenue.
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Mark Zuckerberg Dethroned: Three 22-Year-Old Mercor Founders Become Youngest Self-Made Billionaires
Mercor’s 22-year-old founders have become the world’s youngest self-made billionaires after a $350 million funding round valued the AI recruitment startup at $10 billion, surpassing Mark Zuckerberg’s record. Mercor, a fast-rising recruitment startup powering AI model training for Silicon Valley’s biggest labs, has created the world’s youngest self-made billionaires. Three 22-year-old cofounders, including two Americans of Indian origin, have dethroned Mark Zuckerberg as the world’s youngest sel
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Soho House Acquired for £2 Billion as Ashton Kutcher Joins Board
Private members' club chain Soho House has been snapped up for $2.7bn (£2bn) by a consortium involving Hollywood actor turned investor Ashton Kutcher. The group opened its first club in London in 1995, and now has 46 Soho Houses in Europe, North America and Asia, as well a string of other up-market hospitality businesses. It is widely regarded as being a popular haunt of A-list celebrities, and one of its London venues was reportedly where Prince Harry and Meghan Markle had their first date.
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R&B Legend Carl Carlton Dies at 72
Carl Carlton, the Detroit-raised vocalist whose blend of R&B, soul, and funk left an unmistakable mark on music, has died at 72. His son, Carlton Hudgens II, shared the news in a Facebook post on Sunday, Dec. 14th, writing, “RIP Dad, Legend Carl Carlton, singer of ‘She’s a Bad Mama Jama.’ Long hard fight in life, and you will be missed.” Billboard has not yet independently verified the announcement. Born Carlton Hudgens, the singer reportedly suffered a stroke six years ago. Carlton began perf
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Eminem’s ‘Lose Yourself’ Hits No. 1 on a Billboard Chart for the First Time
Eminem changed what was possible with rap music more than 20 years ago when he released “Lose Yourself,” which would go on to become one of his biggest hits and one of the most successful hip-hop tracks of all time. The cut won several Grammys and became the first rap tune to win Best Original Song at the Academy Awards. Ever since, fans throughout the world have continued to consume “Lose Yourself” in huge and consistent numbers, keeping it on multiple Billboard charts week after week. Decade
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Kendrick Lamar Pauses Show to Sing Happy Birthday to 9-Year-Old Fan
Kendrick Lamar delivered one of the most touching moments of his career during his performance at Spilt Milk Festival in Canberra on December 13. Midway through his set, the Grammy-winning rapper abruptly paused the show after noticing a sign held high in the crowd. It belonged to Kalina, a 9-year-old fan celebrating her birthday. Instead of continuing the performance, Lamar addressed the crowd and led thousands of fans in a heartfelt rendition of “Happy Birthday.” Moments later, Lamar went a s
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Eleven Killed after Gunmen Target Jewish Festival at Sydney’s Bondi Beach
Two gunmen opened fire at Sydney’s Bondi Beach on Sunday, killing 11 people and wounding multiple others in a “terrorist incident” during a gathering for the Jewish festival of Hanukkah. Emergency responders rushed another 29 people to various hospitals from the beach, one of the biggest tourist draws in Australia’s largest city, said New South Wales police. One of the alleged shooters was killed, and the second was in a critical condition, police said. Police declared the shooting a “terrorist
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